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Prime Minister's Employment Generation Programme (PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India. Khadi & Village Industries Commission (KVIC), is the nodal agency at national level for implementation of the scheme. Who can apply for a PMEGP loan? Any individual who is above 18 years of age. The person should have passed at least the 8th standard for a manufacturing sector project costing above Rs. ...  Self Help Groups (even those falling under BPL provided that the SHG has not obtained benefits from another scheme) 10 lakh in the manufacturing sector and above Rs. 5 lakh in the business / service sector, the beneficiaries should possess at least VIII standard pass educational qualification. (iv) Assistance under the Scheme is available only for new projects sanctioned specifically under the PMEGP. It is implemented jointly by the DIC (District Industries Centre), KVIC (Khadi and Village Indu...

Pradhan Mantri Jan Dhan Yojana or PMJDY, a national mission for financial inclusion, ensures access to financial services such as banking, remittance, credit, insurance and pension. Through this scheme, every citizen can access all the financial subsidies passed by the government. PMJDY account can be opened in any bank branch or business correspondent outlet. Accounts under PMJDY are opened with zero balance. However, if the account-holders wish to get cheque books, they are required to fulfill minimum balance criteria. Here’s how one can open PMJDY account: Step 1: Obtain the form for Pradhan Mantri Jan Dhan Yojana from the official website of Pradhan Mantri Jan Dhan Yojana or any other bank website. Step 2: Fill form and attach documents required. Passport, driving license, Permanent Account Number (PAN) card, voter’s identity card, job card issued by NREGA duly signed by an officer of state government, letter issued by the Unique Identification Authority of India containing details...

MSME Funding: Nine schemes for women entrepreneurs in India The MSME ecosystem in India is an overflowing well of innovative ideas and creative solutions to a number of problems. But the number of women entrepreneurs and business owners is much lower than male entrepreneurs. Only 13.76 percent of the total entrepreneurs in India are women, according to data by Startup India. There are just around 8 million female entrepreneurs, but the number of male entrepreneurs has crossed 50 million. Governments at the central and state levels have launched financial schemes for micro units, which could go a long way in boosting women entrepreneurship. Read on to find out more about these financial schemes. Mudra Yojana Scheme This general government scheme for small units is also applicable to women who want to start a small enterprise such as a beauty parlour, tuition center, tailoring unit, etc. It is also useful for a group of women who want to startup together. Loans from Rs 50,000 onwards and...